Works an assigned portfolio of active and charged off accounts and functions of Workout and Collection, balancing the urgency to reduce non- performing assets and the cost of doing so to minimize loss. Monitors the portfolio and develops workout and rehabilitation strategies and action plans to better protect and improve the bank's position. Responsible for loan and lease restructuring, bankruptcy, legal enforcement and recovery/ repossession of equipment. Negotiates settlements on all lease and loan products and has the authority to release liens on equipment. Maintains an understanding of all laws, regulations, and codes pertaining to areas of expertise and is called upon as a subject matter expert. Analyzes and determines effective strategies to handle non-accrual, Troubled Debt Restructure (TDR), and equipment repossession/recovery quickly and responsibly. Monitors the portfolio of transactions that are serviced by other equipment finance companies.
Essential Job Responsibilities
1. Works an assigned portfolio of accounts, balancing the urgency to reduce non-performing assets and the cost of doing so to minimize loss.
2. Monitors the portfolio and develops workout and rehabilitation strategies and action plans to better protect and improve the bank's position.
3. Responsible for commercial equipment lease and loan restructuring, bankruptcy and repossession/recovery.
4. Negotiates settlements on all loan products and has the authority to release liens on equipment or vehicles.
5. Maintains an understanding of all laws, regulations, and codes pertaining to areas of expertise and is called upon as a subject matter expert.
6. Analyzes and determines effective strategies to handle non-accrual, account modifications, and
recovery of equipment quickly and responsibly.
7. Negotiates with outside vendors and attorneys to solve complex issues and/or when escalation to management is necessary.
8. Monitors and executes workout plans with individual customers.
9. Handles the workout and restructuring of the largest, most troublesome, and/or complex accounts.
10. Monitors delinquency for transactions serviced by other equipment finance companies.
11. Supports the Asset Management department when needed.
Bona Fide Occupational Qualifications
1. A bachelor's degree in finance or a related field and/or equivalent experience required.
2. A minimum of ten (10) years related experience including management, a strong understanding of credit analysis, loan and lease documentation, workout and restructuring, bankruptcy and related legal issues is required.
3. Must possess strong analytical, problem solving, and negotiating skills.
4. Must possess a valid driver's license and have the ability to travel occasionally.
5. May be eigible for Telecommuting.
